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Wheat Fades to Round Out August, but Bulls Fight Back into the Close
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
The wheat complex is seeing month-end pressure into August, with Chicago SRW futures down 3¾ to 10¼ cents and trading 15 to 18 cents above the lows. First notice day for Sep CBT wheat logged just 9 deliveries, while KC HRW futures were mixed (details not provided). Overall, the setup looks modestly risk-off for nearby wheat contracts.
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